Rolls-Royce Power Systems and Pune-based vehicle manufacturer Force Motors signed an agreement on a Joint Venture in which Force Motors will hold a 51% and Rolls-Royce Power Systems a 49% stake.
Thenew joint venture will be named ‘Force MTU Power Systems Pvt. Ltd.’and is to produce MTU’s renowned 10 and 12-cylinderSeries 1600 units with power outputs from 545 to 1050HP (400to 800 KWm). Series 1600 engines are particularly suitable for power generation and rail under floor applications.
Besides manufacturing Series 1600 units, the JV will also build Series 1600generator sets for the Indian and global markets.
Generator sets built and supplied by the JV to customers in India, Nepal and Sri Lankawill carry the ‘Force –MTU’ brand while those destined for ther est of the world will be sold under the name ‘MTU Onsite Energy’. The engines will continue to have the brand MTU.
Overall, the parties are investing more than 40 million euros (300 Rs Crores) in the JVin proportion to their respective stakes. To meet Rolls-Royce Power System’s exacting standards, the JV is to build a state-of-the-art, dedicated manufacturing facility at Chakan near Pune.
Andreas Schell, President and CEO of Rolls-Royce Power Systems, said: “This Joint Venture opensnew opportunities for a bright future with our Series 1600 products. In Force Motors we have found a reliable partner whose excellent production quality is proven by decades of experience in building engines for premium automotive brands. Our joint venture combines the strengths of the two partners: Rolls-Royce Power Systems’ cutting-edge technology in reciprocating off-highway engines and Force Motors’ long-standing experience in top quality manufacturing, with access to the Indian market.
Prasan Firodia, Managing Director of Force Motors said, “It’s a matter of great pride and honor for us that Rolls-Royce Power Systems has chosen to partner Force Motors not only for production of engines but also for production and engineering of the whole genset system. I see exciting times ahead, since we are set to play a pivotal role in bringing to India and making in India cutting-edge, top-of-the-line engines for multiple applications.”
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